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Canvera raises Rs. 15 crores from Info Edge December 29, 2015 13:26

Canvera, a leading and fully integrated Photography Company, has successfully raised Rs. 15 crores, from the existing investor Info Edge this month, to support aggressive growth plans and product development.These funds will support aggressive growth…

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Corporate tax to be lowered to bring it closer to international levels November 21, 2015 15:45

Government of India has unveiled the route-map of an ambitious reform plan to rid of its income tax law of exemptions and lower the corporate tax rate to 25% from 30%, and thus bringing it…

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Activision Blizzard buys Candy Crush maker November 03, 2015 16:55

Activision Blizzard, a US computer game company, that produces World of Warcraft and Call of Duty, is buying the Candy Crush Saga maker, King Digital Entertainment. The deal is worth $5.9bn (£3.8bn). Speaking on the…

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Amazon sues 1114 people for fake reviews October 19, 2015 15:49

Before buying anything on the online market, every customer goes through the reviews of the product. But who knows whether those reviews are true or not. Getting into the details, Amazon, a popular online store…

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Snapdeal and Fipkart, trolls each other October 13, 2015 17:02

As the festival season is arriving, India’s leading e-commerce players Flipkart, Amazon and Snapdeal are doing their best to attract the customer’s attention this festival season and are even trolling on each other, to grab…

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RBI cuts repo rate by 50 basis points September 29, 2015 17:31

RBI governor Raghuram Rajan cut repo rate by 50 basis points to 6.75%. Now the repo rate stands at a 4-1/2 year low, while the cash reserve ratio stood unchanged at 4%. Speaking about this,…

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India’s inflation rate coming down September 14, 2015 17:06

According to the recent data released by the commerce and industry ministry, the annual rate of inflation stood at 3.85 percent in the corresponding month of the previous year. In August, the inflation rate in…

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RBI pays Rs 66000 core as dividend. Boost for infrastructure development August 14, 2015 13:06

The Reserve Bank of India has on Thursday paid a dividend of nearly Rs 66,000 crore to the government, the highest ever from the central bank in its 80-year history and 22% more than it…

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Make in India attracts investors and to generate more job opportunities August 08, 2015 17:00

Foxconn, the world's largest electronics assembly manufacturer, said that India would be the next IT hub for it while expressing a desire to open factories in all states in the spirit of the 'Make in…

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Now banks can shift, merge or shut branches, no need to take permission from RBI August 07, 2015 12:33

In a notification published on its website, RBI said that banks can “shift, merge or close all branches except rural branches and sole semi-urban branches at their discretion”. Shifting, merging or closing a branch in…

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Modi’s foreign visits brings foreign direct investment August 06, 2015 18:13

India has received more than USD 19.78 billion of foreign direct investment (FDI) from 12 countries which was visited by Prime Minister Narendra Modi in financial year 2014-15, Parliament was informed. Indian companies have also…

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RBI has not announced any rate changes August 04, 2015 14:09

Reserve Bank of India on today kept its policy rates unchanged, while the governor Raghuram Rajan said that the headline inflation is at elevated levels and banks are yet to pass on the full benefits…

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